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IREN Ltd has a consensus price target of $15.72 based on the ratings of 16 analysts. The high is $26 issued by Bernstein on July 10, 2024. The low is $4.3 issued by Cowen & Co. on September 23, 2022. The 3 most-recent analyst ratings were released by B. Riley Securities, Jones Trading, and JP Morgan on December 19, 2024, December 12, 2024, and December 10, 2024, respectively. With an average price target of $17.67 between B. Riley Securities, Jones Trading, and JP Morgan, there's an implied 47.22% upside for IREN Ltd from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for IREN (NASDAQ:IREN) was reported by B. Riley Securities on December 19, 2024. The analyst firm set a price target for $16.00 expecting IREN to rise to within 12 months (a possible 33.33% upside). 39 analyst firms have reported ratings in the last year.
The latest analyst rating for IREN (NASDAQ:IREN) was provided by B. Riley Securities, and IREN maintained their buy rating.
The last upgrade for IREN Ltd happened on October 11, 2023 when JP Morgan raised their price target to $6.5. JP Morgan previously had a neutral for IREN Ltd.
The last downgrade for IREN Ltd happened on December 10, 2024 when JP Morgan changed their price target from $9.5 to $15 for IREN Ltd.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of IREN, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for IREN was filed on December 19, 2024 so you should expect the next rating to be made available sometime around December 19, 2025.
While ratings are subjective and will change, the latest IREN (IREN) rating was a maintained with a price target of $15.00 to $16.00. The current price IREN (IREN) is trading at is $12.00, which is out of the analyst’s predicted range.
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